Many claim the market has bottomed out. Meanwhile, wealthy investors and institutional money are only too aware of the Bitcoin’s potential.

Faber said he bought Bitcoin around the end of February. Prices were hovering around $3.8k per coin. He believes BTC now looks better from a technical perspective. The crash of Bitcoin contributes to his analysis.

During the interview he hinted that while not guaranteed, the future for bitcoin was good.

He said:

It’s not certain, but possible, that Bitcoin will be the standard for money transfers.

Faber is probably the best-known, but also the most controversial, Swiss investor.

As well as being nicknamed Dr. Doom or “the crash prophet”, he gained international recognition after predicting the Black Monday stock market crash in 1987.

He’s well known for his regular criticism of central banks and traditional monetary policy.